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October 11, 2024

Monzo ups valuation to $5.9bn in employee share sale ahead of EU expansion

The transaction comes months after it raised $610m in primary funding earlier this year

Tom Matsuda

2 min read

UK neobank Monzo has increased its valuation to $5.9bn in an employee share sale. The fintech said on Friday that investors taking part in the deal include StepStone Group and Singaporean sovereign wealth fund GIC, which participated in Monzo’s $610m fundraising earlier this year. The secondary deal will see equity-holding employees at the bank cash in on their stock holdings. 

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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

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